Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

SBA Loan Payments made by SBA - input field

DLP
Level 2

Is there an input field in Lacerte for the SBA loan payments made by the SBA?  My understanding is that this is treated similar to PPP and is tax-exempt debt forgiveness.  Or does it require manual entry to M-1/M-2?  Thanks

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
IRonMaN
Level 15

It's the same.


Slava Ukraini!

View solution in original post

2 Comments 2
IRonMaN
Level 15

It's the same.


Slava Ukraini!
rdccpa
Level 1

Is the SBA loan payments taxable to California just like the PPP forgiveness

0 Cheers